2632733
Hello,
We sold my father's home in March of 2020. I am the Personal Representative. I did not receive a 1099-S in the mail. A coworker told me that as the Personal Representive I needed to report the sale of his home. I looked in the file from the closing and found a subsitute 1099-s form. I have already filed my taxes. How do I go about reporting the sale now. We did not sell the house for a gain from our stepped up basis.
Thank you
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No 199-S required
Exception 4 https://www.irs.gov/instructions/i1099s#en_US_202201_publink1000280427
To Report the sale now you will need to file an amended return for 2020. For information on filing an amended return 2020 see:
How do I Amend My 2020 Return?
Because you sold the house with no gain you will basically be filing an amended return with no changes, just a Form 8949 and Schedule D showing no gain, and an explanation that you are amending to report the sale with no gain.
We actually sold it in 2021. I updated my turbo tax to premier so I could do the amendment. However I do not see where in the program to do the amendment.
Please advise.
If you are using the desktop version, you will go to Federal>>Other Tax Situations then scroll down and click start next to Amend your return.
Be sure you take those steps prior to making any changes.
If you are using the online version and filed your return, you should see Amend Your Return as the only option to get back into your return as long as you actually submitted your return and it was accepted.
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